Five-Unit Residential Income
For Sale
$429,900
Pending
311 11th Street, Racine, WI 53403
Five rental units include two 2-bedroom and three 1-bedroom layouts with eat-in kitchens and in-unit appliances.
Property Size4,200 SF
Days on Market96
Property Features for 311 11th Street
General Information
Standard status
Pending
Size
4,200 SF
Property subtype
Multi-Family / Multi-Family
Net Operating Income
$20,567
Amenities
Full, Yes
Vinyl
Building Details
Year Built
1880
Listing Agency:
Hyperion Realty
Listed By:
Garrin S Horwitz · License #59562-90
(262) 671-6952
Source:
Compass
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 27 at 12:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hyperion Realty
Investment Insights
Based on property information with market context.
This five-unit income property is configured with two 2-bedroom units and three 1-bedroom units, each featuring an eat-in kitchen along with a range and refrigerator. Units also include semi-updated bathrooms in select areas, newer windows in some units, and the property has a full basement with laundry hookups.
The building benefits from documented rental history and consistent occupancy. Exterior finishes include a vinyl exterior to support ongoing maintenance. Recent capital improvements include a newer roof installed in 2019 and updated electrical service and wiring completed in 2018. Heating is provided by boiler heat, with municipal water and sewer.
Set in Racine near Main Street, the property is located about two blocks off Main Street and within blocks of Lake Michigan and the downtown Racine waterfront. Highway 20 runs west toward I-94 for access to the Milwaukee and Chicago markets.
The building benefits from documented rental history and consistent occupancy. Exterior finishes include a vinyl exterior to support ongoing maintenance. Recent capital improvements include a newer roof installed in 2019 and updated electrical service and wiring completed in 2018. Heating is provided by boiler heat, with municipal water and sewer.
Set in Racine near Main Street, the property is located about two blocks off Main Street and within blocks of Lake Michigan and the downtown Racine waterfront. Highway 20 runs west toward I-94 for access to the Milwaukee and Chicago markets.
Key Highlights
- Five‑unit Racine income property: two 2‑bedroom units and three 1‑bedroom units
- In‑place rent is $4,425/mo ($53,100/yr) with documented long rental history and consistent occupancy
- Capital updates include a newer roof (2019), updated electrical service and wiring (2018), and newer windows in select units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 53403, WI
26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five rental units include two 2-bedroom and three 1-bedroom layouts with eat-in kitchens and in-unit appliances.
Where is this apartment building located?
The property is located at 311 11th Street Racine, WI.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Five‑unit Racine income property: two 2‑bedroom units and three 1‑bedroom units; In‑place rent is $4,425/mo ($53,100/yr) with documented long rental history and consistent occupancy; Capital updates include a newer roof (2019), updated electrical service and wiring (2018), and newer windows in select units
